I agree that more revenue into the Fed is bound to happen when the tax cut sets in and GDP booms. But can you imagine instead of blowing a trillion dollar whole in the budget what a little austerity would do? I argue that the Feds would hold back on interest rate hikes and that the markets would continue to explode. The administration and the party shot themselves in the foot this past week.
I don't see Trump backing down on anything he promised us. I don't see it in his DNA. Will he fall down on some of it from time to time if he gets so much going on he cant possible handle it all? Yeah probably. But will he forget promises to us? I sincerely doubt it.He is our President and wont back down on what he has promised. This is an eight year run. It's not all going to be straight up.My guesses on all.
The Fed has raised the Interest rate that they control THREE times over the past twelve month. The general historical rule of thumb - Three Rate hikes lead to a recession and market crash.